Building Kidz School

2200 North Alma School Road, Chandler, AZ 85224

$2,818,222

Cap Rate 6.75%

Views: 61 DOM: 153 Updated: 07.26.24 Posted: 06.21.24 Status: Active 06.21.24

Summary

Price $2,818,222	Built/Renov 2018	Tenant Building Kidz School
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 7,460	Lease Start 05-20-2022	#Units 47
Price/SF $377.78	Expiration 05-19-2037	Tenant Type Daycare/Education
NOI $190,230	R. Term 12.6	Ownership Fee Simple
Rent/SF $25.50	Increases 2.0%/1/yrs	Pop 5Mi 263,108
Lot/AC 0.76	Options 4/5yrs/2%	AHHI 5Mi $125,218

BJ Feller

Northmarq

Contact

Lease Highlights

Building Kidz School has 12+ years remaining in their primary term with 4 (5-year) options to extend
The lease features 2% annual rental increases
Absolute NNN lease with zero landlord responsibilities
Substantial personal guarantee from the franchisee, profitable location | Contact Broker for details

Location Description

The subject property is located just off the intersection of North Alma School Road (25,611+ VPD) and West Warner Road (18,300+ VPD). It is also positioned in a very large residential area with a population of over 17,350 within a 1-mile radius. The population is projected to grow 6.71% by 2027. The site is adjacent to a Walmart Supercenter-Anchored Center with hundreds of residential homes...

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Key Features

Near major nationals
Strategically located
Strong tenant synergy
Dense 200M+ pop 5 mi
Top 100 MSA
Strong demographics
Population increase trend
Long 10+ yr lease
Annual rent increases
25+ unit franchisee backed

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Links

Building Kidz School Wikipedia Chandler, Arizona Zip Code 85224 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Building Kidz School
Guarantor:Franchisee
Company:Franchisee
# Units:47
Stock:Private

About Tenant

Building Kidz School is an early childhood education center that serves one million children across the United States. The company integrates song, dance, visual art, and performance into its...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	19,426	144,398	380,053
2023 Total Population :	19,617	143,837	377,970
2023 Employed Civilian Pop :	11,796	81,906	209,711
2023 Total Businesses :	462	5,262	13,220
2023 Average Household Income :	$ 93,569	$ 111,783	$ 113,613
2023 Total Consumer Spending :	$ 662 M	$ 5451 M	$ 14549 M
2023 Median Age :	36	36	36
2023 Total Households :	8,129	56,234	147,917
2023 Pop Age 25+: Bachelor's Degree :	3,855	27,177	69,496
2023 Average Home Value :	$ 352,209	$ 406,834	$ 425,774

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Alma School Rd	W el Monte Pl	2011	25,611	0.11 mi
North Alma School Road	E Warner Rd	2019	14,800	0.16 mi
West Warner Road	N Comanche Dr	2019	18,300	0.22 mi
N Alma School Rd	W Mesquite St	2017	29,300	0.24 mi
West Warner Road	N Alma School Rd	2019	17,300	0.25 mi
N Alma School Rd	W Stottler Dr	2011	24,376	0.32 mi
North Alma School Road	N Pleasant Dr	2019	15,800	0.32 mi
West Highland Street	N Alma School Rd	2018	28,260	0.47 mi
E Warner Rd	N Arrowhead Dr	2017	39,800	0.51 mi
North Alma School Road	W Mission Dr	2018	25,705	0.51 mi

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